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Federal officials haven't asked that the "tent city" next to the Dan Ryan Expressway be cleared, but a top mayoral aide says she doesn't want to wait and then scramble.
Almost all of the towers stand empty, CityBridge officials say, leaving residents without the promised high-speed 5G internet access.
This year, more than 60,000 people attended each day over Memorial Day weekend, generating $243.7 million in economic activity for the city. The new deal could potentially include expanding the two-day festival to three days.
Tony Dapolito Recreation Center first opened in 1908, but its run as a downtown community space may be coming to an end.